RHB Retail Research
Technical Analysis - MBM Resources
MBM Resources was testing the MYR2.07 level in its latest session. A bullish bias may be present above this point with a target price of MYR2.18, followed by MYR2.34. The stock may take a breather if it cannot breach above the MYR2.07 threshold in the coming sessions. Support may be found at MYR1.86, where traders can exit upon a breach to minimise the downside risk.
Source: RHB Securities Research - 6 Dec 2018
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